Los Angeles, CA 90065,3516 Arroyo Seco AVE
Los Angeles, CA 90065,3516 Arroyo Seco AVE
Los Angeles, CA 90065,3516 Arroyo Seco AVE
$1,299,998
Est. payment /mo
$1,395,000
6.8%
Est.Price: ?

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8,193 Sqft Lot
SOLD DATE : 05/08/2024

Key Details

Sold Price $1,299,998

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR23165151

Sold Date 05/08/24

HOA Y/N No

Year Built 1964

Lot Size 8,193 Sqft

Property Description

This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property.

The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom.

Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants.

Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!

Location

State CA

County Los Angeles

Area Cypk - Cypress Park

Zoning LARD2

Interior

Heating Central

Fireplace No

Laundry In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Garden, Landscaped, Near Public Transit, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5446023014

Acceptable Financing Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Ascione • RE/MAX of Santa Clarita • 661-231-5794
Bought with Andy Hsieh • Millennium Group Realty

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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